You shouldn’t wait until you have a job to become financially responsible. Even as early as elementary or high school, you can start being wise with your money. One way of doing so is through saving. Here are some new and innovative ways of saving your money for maximum results:
This is a fairly easy challenge for anyone, especially students, in order to save money. However, it requires plenty of self-control but as the saying goes:” If there’s a will, there’s a way.” Here’s how it’s done! It’s simple really. Just don’t spend your five dollars! Any $5 bill you have should be saved. For example, you have a 20$ bill, you bought something and the change was comprised of a $10, $5, and a couple of $1. Keep the $10 and $1, and save the $5! Sounds easy enough? Try it out!
The essence of this technique is that you steadily increase the amount of money you save. In other words, you try to ‘top’ the last amount you put in. This can be done either weekly or daily. For example, you start by saving $5 every day this week. Next week, it turns into $10 daily, then next week it turns into $15 daily and so on and so forth. You increase the amount depending on how much you can save. The amount you can save in a short time can be overwhelming with this technique.
Multiple Money Jars
This method of saving is fairly simple. The idea is that you put multiple money jars around the house. Whenever you have some spare change, you can just put it in any available money jar. You’d be surprised by the amount you saved when you add them all up.
Learning how to manage your finances at an early age is a huge advantage. It prepares you for the adult life of balancing accounts, managing finances, budgeting, etc. Want to learn more about managing finances? Or, are you interested in pursuing a business? THE MVET WAY is here to help you in your journey towards Personal Financial Success. We want to make your Financial Future one that gives you freedom and not burden.
Find out more about THE MVET WAY and the many services we offer! Dial 424-277-0572 or send us an email at firstname.lastname@example.org for any concerns or inquiries you may have.